A for-profit college may convert to nonprofit status for a variety of reasons, such as wanting to align its status and mission. The Government Accountability Office (GAO) was asked to examine for-profit college conversions. This report reviews what is known about insider involvement in conversions and to what extent the Internal Revenue Service…

In today's interconnected world, many career fields--such as diplomacy, national security, and business--need individuals with knowledge about world languages and cultures. To address these areas of needed expertise--both at the federal level as well as in the education, business, and nonprofit sectors--the Higher Education Act of 1965, as…

American Indian and Alaska Native students enrolled in public schools have performed consistently below other students on national assessments from 2005-2019. The Johnson-O'Malley (JOM) program provides academic and cultural supports, through contracts, to meet the specialized and unique educational needs of American Indian and Alaska Native…

Tax laws' incentives and disincentives for charitable giving are outlined. Basics of charitable giving, partial property interests, gifts of future interest in tangible property, undivided interest gifts, ordinary income property, capital gain property, bargain sales, remainder interest gifts, estate tax, and valuation overstatement are discussed…

Compiled to provide a central reference point for all legislative information pertaining to libraries in the state of Texas, this publication includes all pertinent legislation as amended through the 66th Legislature, Regular Session, 1979. It contains articles dealing specifically with archives, buildings and property, city libraries, non-profit…

The Tax Reform Act of 1984 has sharply limited the tax advantages for private investors to enter into real estate sales/leaseback agreements with exempt organizations. The impact the Tax Reform Act of 1984 has on sales/leaseback agreements involving tax-exempt organizations is examined. (Author/MLW)

Standards that courts have applied to governors of nonprofit cultural institutions are examined. The issue is whether they should be held to a strict common law trust standard or the more flexible "prudent man rule" applied to corporate directors. (AVAIL: Dennis & Co., 251 Main St., Buffalo, NY 14203) (MSE)

Recent federal revenue rulings conclude that sale of broadcast rights to national radio and television or an independent producer by a tax-exempt organization does not constitute an unrelated trade or business. The rulings and their potential effects on colleges and universities are examined. (MSE)

Arguments for and against extension of Section 170 of the Internal Revenue Code, which permits tax deductions for money or property gifts to nonprofit organizations, are presented, considering both theoretical and practical issues. (AVAIL: Dennis & Co., 251 Main St., Buffalo, NY 14203) (MSE)

Presents proposed revisions of bylaws of the National Association for the Education of Young Children. Bylaws cover the association's purpose, offices, governing board, members, officers, limitations on directors, indemnification, special measures, miscellaneous provisions, amendments, and the Illinois General Not-for-Profit Corporation Act of…

Information on depreciation concepts, accounting procedures, and reporting formats in not-for-profit institutions is provided. Details are included on the requirements and implications of the Financial Accounting Standards Board's Statement of Financial Accounting Standards no. 93 (FASB 93). Following highlights of FASB 93, an overview looks at…

The tax on unrelated business income of charitable, educational, and other exempt organizations, a provision of the Revenue Act of 1950, is examined as it affects the trade or business activities of art museums. Special problems of art museums such as those with gift shops and eating facilities are discussed. (JMD)

The Uniform Patent Legislation directly and significantly affects the technology transfer relationship between the federal government and academe. With appropriate regulations and a centralized review process, the act should be a valuable tool to American industry, and particularly to universities, nonprofit organizations, and small businesses.…

Presenting congressional testimony regarding Senate Bill 1789 and Senate Bill 2046, these hearings include the texts of each bill and the statements of 12 witnesses. S. 1789 is described as a bill designed to amend the Act of August 27, 1935 (49 Statute 887) by extending the authority of the Secretary of the Interior to contract with the Middle…

The question of whether the selling of art by a private nonprofit art association violates the provisions of section 501(c)(3) of the Internal Revenue Code of 1954 is considered. Revenue rulings of 1971 and 1976 suggest that any sale of art may render the organization ineligible for tax exemption when private interests are benefited. (JMD)